SHA:688449 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,189	1,182	198.87	69.48	37.75
Short-Term Investments	31.37	-	-	-	-
Trading Asset Securities	-	-	42.01	52.05	113.91
Cash & Short-Term Investments	1,221	1,182	240.88	121.53	151.67
Cash Growth	3.29%	390.56%	98.21%	-19.87%	12.54%
Accounts Receivable	312.5	443.77	272.75	156.91	115.91
Other Receivables	0.06	0.05	0.05	0	0.02
Receivables	312.56	443.82	272.8	156.91	115.93
Inventory	576.52	308.94	182.59	403.45	220.4
Other Current Assets	23.44	8.04	37.72	53.74	23.24
Total Current Assets	2,133	1,942	734	735.63	511.24
Property, Plant & Equipment	87.73	91.47	61.86	50.84	51.91
Long-Term Investments	45.1	5.1	-	-	-
Other Intangible Assets	36.71	24.87	37.44	8.76	2.39
Long-Term Deferred Charges	1.82	1.92	1.96	2.16	45.82
Other Long-Term Assets	50.54	20.65	20.03	5.64	0.16
Total Assets	2,355	2,086	855.29	803.03	611.52
Accounts Payable	117.38	88.16	40.21	60.68	47.51
Accrued Expenses	91.03	85.08	60.73	51.03	40.23
Short-Term Debt	100.08	83.07	80.07	40.04	20.03
Current Portion of Leases	7.69	6.73	-	-	-
Current Income Taxes Payable	-	-	4.38	5.48	2.04
Current Unearned Revenue	44.94	23.43	25.52	103.42	0.24
Other Current Liabilities	40.57	34.3	19.24	17.57	6.84
Total Current Liabilities	401.7	320.77	230.15	278.22	116.89
Long-Term Leases	7.58	12.09	0.78	4.52	6.83
Long-Term Unearned Revenue	22.87	33.6	92.77	92.96	39.55
Other Long-Term Liabilities	17.13	10.17	13.02	5.79	1.93
Total Liabilities	449.28	376.63	336.72	381.49	165.2
Common Stock	460	460	360	360	44.4
Additional Paid-In Capital	1,227	1,173	200.7	156.34	476.97
Retained Earnings	216.49	74.33	-43.72	-95.95	-73.97
Comprehensive Income & Other	2.23	2.13	1.6	1.15	-1.08
Shareholders' Equity	1,906	1,710	518.58	421.54	446.32
Total Liabilities & Equity	2,355	2,086	855.29	803.03	611.52
Total Debt	115.35	101.89	80.85	44.55	26.86
Net Cash (Debt)	1,105	1,080	160.03	76.98	124.81
Net Cash Growth	2.35%	574.74%	107.90%	-38.33%	-7.39%
Net Cash Per Share	2.41	2.93	0.46	0.21	2.81
Filing Date Shares Outstanding	460	460	360	359.82	44.4
Total Common Shares Outstanding	460	460	360	359.82	44.4
Working Capital	1,731	1,622	503.85	457.41	394.35
Book Value Per Share	4.14	3.72	1.44	1.17	10.05
Tangible Book Value	1,869	1,685	481.14	412.78	443.93
Tangible Book Value Per Share	4.06	3.66	1.34	1.15	10.00
Machinery	204.45	165.53	115.76	76.15	62.57
Construction In Progress	-	-	-	0.03	0.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.